Exercise 2.2 (LO5, 7) Writing Just-in-Time Manufacturing and Assigning Over- or Under- applied Overhead At Star Plastics, the balance in manufacturing overhead (which represents over- or underapplied overhead) is always closed to Cost of Goods Sold. This is done even when the balance is rel- atively large. Suzette Barger, the controller, explains that this makes sense because Star uses a just-in-time (JIT) manufacturing system and jobs are shipped to customers within hours of being completed. Required Write a paragraph elaborating on the justification provided by Suzette Barger. Why is there no need to apportion the balance in manufacturing overhead among Work in Process, Finished Goods, and Cost of Goods Sold?

Exercise 2.2( LO5, 7) Writing Just-in-Time Manufacturing and Assigning Over- or Underapplied Overhead At Star Plastics, the balance in manufacturing overhead (which represents over- or underapplied overhead) is always closed to Cost of Goods Sold. This is done even when the balance is relatively large. Suzette Barger, the controller, explains that this makes sense because Star uses a just-in-time (JIT) manufacturing system and jobs are shipped to customers within hours of being completed. Required Write a paragraph elaborating on the justification provided by Suzette Barger. Why is there no need to apportion the balance in manufacturing overhead among Work in Process, Finished Goods, and Cost of Goods Sold